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Agency Compensation & Contracts

Cortex Media can support your procurement team with in-depth experience on commercial terms as related to media and industry practices. We can help determine the right compensation structure, including KPIs and performance pay. Cortex Media maintains a database of media agency costs for different functions to help you negotiate the most competitive compensation levels.

We provide support with:

Establishing agency compensation
Performance Related Incentive Program (PRIP) – selecting the right KPIs, establishing goals and tracking of agency performance
Compensation for digital media services – display, search, social and mobile
Compensation for additional agency services – ad-hoc research, modeling, ROI, below the line, etc.
Establishing media agency evaluation systems
Review and analysis of agency contracts vs. industry best practices
IP ownership of agency “work product” such as strategies, plans and negotiated rates
Billing and payment terms
Right to all discounts and benefits provided by the media
Transparency by agency – brokering, barter and Agency Volume Bonuses (AVBs) where applicable
Right to audit
Ensuring that contracts are executable, measurable and easy to maintain over time

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